Get the complete project »
- The Complete Research Material is averagely 55 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦4,000
This study uses the framework of the agency theory to systematically investigate the relationship between corporate governance mechanisms; board of directors’ characteristics (board size, board independence, duality, board meetings, and director’s ownership) and audit committee size with the level of information asymmetry in UAE. The multiple regression analysis provides evidence that board size is significantly positive related to information asymmetry. While board independence, board meetings, directors’ ownership and audit committee size have a significantly negative association related to information asymmetry. The findings show that the information asymmetry among the United Arab Emirates (UAE) companies is high and the implementation of the Code of Corporate Governance more likely to be underdevelopment.
Keywords: corporate governance, information asymmetry, shareholders, United Arab
1.1 Background of the Study
The asymmetry lies in the difference between what the most informed stakeholders know but the uninformed stakeholders are not informed about certain information. This link impacts growth options, risk, managerial incentives and other factors which mean that the relation does not stem out from an intrinsic doubt regarding the firm performance (Hilary, 2006). Information asymmetry also means when one or more investors are privy to the firm’s value while the rest can only access public information (Brown & Hillegeist, 2007). Relationships between companies and upstream suppliers have always been characterized by information asymmetries in a way that one member of the party to the transaction has more information compared to the other (Martin & Johnson, 2010). For instance, information asymmetries stem from hidden actions, meaning to say that the firm has no idea how the upstream supplier will react when he is acting in an unethical way.
The actual elimination of information asymmetry’s negative impact can be carried out through maximizing the access to information regarding the company that is nonstandard and through the increase of the information visibility of what the company offers the stakeholders. The risk lies in the varying interpretation of the information that the company provides which may lead to different stakeholder behavior (Jasso, 2009). According to Mercer (2004), information precision is an attribute of information that underlies disclosure credibility. It is evident that asymmetric information is related with information disclosure. In other words, the less the information is transparent, the lower the information disclosure will be (Kong, Xiao & 2 Liu 2011).
Corporate governance is a set of tools or procedures that monitors and controls the organization in its quest to achieve goals and maximize long-term shareholders’ benefits. Therefore, effective corporate governance is importance to protect the interests of shareholders, customers, suppliers, employees and government by guaranteeing that firms are made accountable for their actions (Vinten, 1998). In 2004, the OECD underlines that corporations need to be run, primordial, in the interest of shareholders (OECD 2004). But in corporate governance systems, the company is viewed by the stakeholder as a set of expectations akin to a polycentric vision of the corporate governance systems which has the company in its center with the stakeholders attempting to govern surrounding it (Marcel, Or
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
SIMILAR BUSINESS ADMINISTRATION FINAL YEAR PROJECT RESEARCH TOPICS
1. THE INFLUENCE OF CONFLICT MANAGEMENT EFFECTIVENESS ON ADMINISTRATIVE STAFF PRODUCTIVITY IN TERTIARY INSTITUTIONS.» CHAPTER ONE INTRODUCTION 1.1 Background to the study Conflict in an organization is a state of discord by the actual and opposing power which arise fr...Continue Reading »
» Abstract This research work is conceived with the effect of employee participation in management decision making in Federal Poly Oko Anambra State. Th...Continue Reading »
3. AN EXAMINATION OF THE IMPACT OF RECRUITMENT AND SELECTION STRATEGIES ON THE PERFORMANCE OF SMALL AND MEDIUM ENTERPRISE (A CASE STUDY OF NOVAL HOTEL NI...» ABSTRACT Hospitality business is a facet of the Nigerian economy that enhances economic growth and development as small and medium enterprises through...Continue Reading »
4. EMPLOYEES TRAINING AND DEVELOPMENT AS A VERITABLE TOOL FOR ORGANIZATION PERFORMANCE (A STUDY OF DELTA STATE POLYTECHNIC OZORO)» CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF STUDY Most organization today has been trying hard to protect their reputation both within and outside ...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Basically, communication touch every sphere of human activity, it informs or better still dissemi...Continue Reading »
» ABSTRACT This study was intended to examine if international trade has any impact on Nigeria’s economy growth and to see if it impacts positivel...Continue Reading »
7. PERFORMANCE MANAGEMENT AND EMPLOYEE PRODUCTIVITY OF SELECTED MANUFACTURING COMPANIES IN LAGOS STATE, NIGERIA» CHAPTER ONE INTRODUCTION 1.1 Background to the Study In the turbulent business environment, with changes in customer demands the main aim of every man...Continue Reading »
» CHAPTER ONE 1.1. INTRODUCTION Today, work life balance has become an increasingly pervasive concern to both employers and employees of most organisati...Continue Reading »
» ABSTRACT This research takes a look at the adoption of merger and acquisition as a growth strategy in business organization. There is no gainsaying th...Continue Reading »
» ABSTRACT The massive and frequent rate of textile industry closure in Nigeria is a disturbing phenomenon. The main objective of the study is to identi...Continue Reading »